The Second International Peer-Reviewed Scientific Conference, entitled “The Shadow Economy and Sustainable Development,” opened in Tripoli. The event was attended by the Minister of Economy and Trade and the Minister of Planning, as well as some Deputy Ministers, with the participation of a select group of academics and researchers.
The two-day conference, organized by the Ministry of Planning, aims to analyse the reality of the informal shadow economy in Libya and formulate more effective economic policies.
The conference proceedings began with a speech by the conference chairman, Dr. Mustafa Al-Argat, who emphasized the importance of discussing the shadow economy and its implications for sustainable development. This was followed by a speech from the Minister of Planning, Mohamed Al-Zaidani, who highlighted the pivotal role of scientific research in supporting public policies and addressing economic challenges.
The Minister of Economy, Mohamed Hwej, then delivered a speech in which he commended the efforts of the conference organizers, urging everyone to exert further efforts to serve the Libyan economy and contribute to finding scientific and practical solutions to the existing challenges.
The first scientific session commenced began with the presentation of research papers.
Dr. Yousef Yakhlef presented the first paper, which addressed the estimation of the size of the Libyan shadow economy during the period 1970–2024, with an outlook for 2030.
Dr. Hussein Al-Hawij presented the second paper, titled “A Monetary Model for Estimating the Size of the Shadow Economy in Libya.”
Dr. Saqr Al-Jibani presented the third paper, titled “The Asymmetric Effects of Economic Shocks on the Libyan Shadow Economy: An Econometric Study for the Period 1991–2023.”
The presentations concluded with the fourth paper, presented by Dr. Shala’i Fateh, titled “The Shadow Economy in Oil-Producing Countries (The Case of Algeria, Libya, and Nigeria): An Econometric Analytical Approach Using Panel VAR Models.”
After the presentations, a discussion session was held, allowing for questions and comments from the audience in an interactive academic atmosphere.
